The accomplishment of the purposes stated in this article being for the benefit of the people of this state and for the improvement of their properties and industries, the district in carrying out the purposes of this article will be performing an essential public function and shall not be required to pay any tax or assessment on the projects and related facilities or any part thereof; and the interest on the bonds issued hereunder shall at all times be free from taxation within this state. The state hereby covenants with the holders of any bonds to be issued hereunder that the Tombigbee River Valley Water Management District shall not be required to pay any taxes or assessments imposed by the state or any of its political subdivisions or taxing districts.
Structure Mississippi Code
Title 51 - Waters, Water Resources, Water Districts, Drainage, and Flood Control
Chapter 13 - Tombigbee Valley Authority and Water Management District
Article 3 - Tombigbee River Valley Water Management District
§ 51-13-101. Legislative determination and declaration of policy
§ 51-13-103. General authority to organize
§ 51-13-105. Board of directors
§ 51-13-109. Subsequent members
§ 51-13-111. Powers of district
§ 51-13-113. Construction contracts
§ 51-13-115. Park and recreation facilities
§ 51-13-119. Appropriation permit
§ 51-13-121. State tax used for water supply district fund
§ 51-13-123. Board of directors to issue bonds
§ 51-13-125. Details of bonds; supplemental powers conferred in issuance of bonds
§ 51-13-127. Limitation on amount of bonds
§ 51-13-129. Payments by board of supervisors of member counties
§ 51-13-133. Validation of bonds
§ 51-13-139. Bonds to be legal investments
§ 51-13-143. Agreements relative to federal highways
§ 51-13-145. Cooperation with other governmental agencies
§ 51-13-147. Water management district law controlling
§ 51-13-149. District and its bonds exempt from taxation
§ 51-13-151. Preliminary expenses
§ 51-13-153. Overflow of school lands not to constitute waste